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Morgan Stanley finding leads to Fannie, Freddie drama

September 7, 2008 — 9:01am ET | By Jim Kim
Morgan Stanley was the low bidder in the Treasury's auction to find a top Wall Street adviser on GSE-related issues. It ended up making a stunning discovery: Freddie Mac's capital position was worse... Read more...

Lehman Brothers to lay off 1,500

August 28, 2008 — 5:26pm ET | By Jim Kim
The New York Times reports that Lehman Brothers will lay off about 6 percent of its workforce, or about 1,500 employees. That brings the total axed jobs to 7,500 since June 2007. You have to think... Read more...